Xanadu Mines Ltd

12:01 PM EST - Xanadu Mines Ltd : Announced a pro-rata non-renounceable rights issue to eligible shareholders, on the basis of one new fully paid ordinary shares for every 10 shares held at an issue price of $0.052 per share, to raise approximately $3,369,829 (before costs). Assuming no existing options on issue in the Company are exercised, approximately 64,804,413 New Shares will be offered under the Rights Issue. Xanadu Mines Ltd shares T.XAM are trading unchanged at $0.08.